15- and 31-seasons fixed-price and you will YOURgage mortgage loans want a credit score from 620 otherwise large, a down payment away from step 3% or more, and you can an excellent DTI proportion of fifty% or less.
Adjustable-speed mortgages require a credit score off 620 or even more, an advance payment of five% or more, and good DTI ratio out-of fifty% or faster.
Jumbo finance require a credit score of 680 or even more, a down-payment with a minimum of ten%, and you may an excellent DTI ratio out-of forty five% otherwise quicker.
FHA funds require a credit history out-of 580 or even more, a down payment out of 3.5% or more, and a good DTI proportion out-of 50% otherwise smaller.
Virtual assistant finance not one of them a downpayment, however you will need a credit history of 620 or more, a certification out of qualification, and you will a beneficial DTI proportion out of sixty% or less.
